BlackRock CEO: US$36 trillion in national debt could 'crush' the economy

Odaily Planet Daily News Larry Fink, CEO of BlackRock, the world's largest asset management company, warned at the 2025 Forbes Summit that the United States will "drowned" in debt unless it finds a way to stimulate and grow the economy. Fink pointed out that the U.S. national debt has grown from $8 trillion in 2000 to $36 trillion now, and the upcoming tax bill is expected to add another $2.3-2.4 trillion. He stressed that if the United States cannot achieve a real growth rate of 3% per year, it will face a serious crisis. Despite the grim situation, Fink still proposed solutions, including releasing more private capital, simplifying the licensing process, rebuilding infrastructure, and solving the expected shortage of 500,000 electricians. He said that the foundation for growth is still there, but if the United States continues to linger in 2% economic growth, the national debt will eventually overwhelm the country. (The Daily Hodl)